Amazon is in discussions to acquire MGM Holdings, said a person familiar with the situation, in what would be the ecommerce giant’s biggest move yet to expand in entertainment.
MGM owns a major film library, with interests in the long running James Bond franchise as well as other well known titles such as Rocky and Pink Panther. It also owns the Epix cable channel and makes TV shows, including The Handmaid’s Tale and Fargo and reality shows such as Shark Tank and Survivor. An acquisition would beef up Amazon’s film studio and streaming services Prime Video and IMDB. A deal could cost between $7 billion and $10 billion.